German lawyer seizes bitcoin worth more than six million US dollars from a fraudstar the problem is with the password. Money is not going to be unlocked because the fraudstar did not say the password.
The News agency reuters reports.. that the fraudstar has complete his jail term since being sentenced to prison. Meanwhile, police in the southern German town of kempten have repeatedly failed to crack passwords to access more than 1,700 bitcoins. The results of various interrogations are zero. Police say the password or forgot it.
We asked him, but he didn't tell us" lawyer Sebastian moore told reuters on Friday. Maybe he doesn't know
Bitcoin is stored in software known as digital wallet, which is secured through encryption. The password is used as a' decryption key to access the bitcoin by opening the wallet. If the password is lost, it is not possible to open the wallet in any way.
The fraudstar has been jailed for more than two years. He was secretly installing software on someone else's computer to mine or produce bitcoin.
The value of his bitcoin at the time of his arrest was a small fraction of its current value. Bitcoin rose sharply to a record thousand 42.000 in January. The most popular cryptocurrency was selling at thousands 37.577 on Friday.
News Source --- https://www.thetelegram.com/business/reuters/police-seize-60-million-of-bitcoin-now-wheres-the-password-549174/
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